· Which types of properties show the best investment returns
· Which area in which to buy and why.
· How to make your property appealing to sellers - tips that work.
· Market commentary - recession seems to be over, is it now the time to buy?
· How to buy property
· What role does interest on your bond play?
· Interesting property facts
· Getting on the property ladder...
· Why we are different
· Centurion Townhouses - Best buys

This is a guideline of the costs levied on the sale
of properties. Please email
info@centurionrealestate.co.za regarding what is possible.
We can also get a home loan consultant to come and
see you should that be required. Note that home
loan debt is one of the cheapest forms of credit there is in terms of
the interest % charged.

Transfer duty is not the same as
transfer cost

NOTE:
Many see transfer duty to mean
transfer costs! Transfer duty is only a small part of transfer costs to be paid
in a property transaction. For example, a property of R610000 will have
transfer duty of R300 but transfer fees of approximately R25000. Banks don't
finance transfer costs or transfer duties, so you need to save this sum before
you enter into a property purchase transaction, which implies you have to rent
until you have the funds together, if you are a first time buyer.

Total Transfer Cost Table (Updated 1 September 2014)

Transfer Duty

Deed Search

Transfer Attorney incl. VAT

Deeds Office Fee

FICA

Bond Registration

Postage

Law Fee

Bank Valuation

Total

450000

0

70

6750

500

150

5850

150

70

5000

18540

500000

0

70

7500

500

150

6500

150

70

5000

19940

550000

0

70

8250

500

150

7150

150

70

5000

21340

600000

0

70

9000

500

150

7800

150

70

5000

22740

650000

1500

70

9750

500

150

8450

150

70

5000

25640

700000

3000

70

10500

500

150

9100

150

70

5000

28540

750000

4500

70

11250

500

150

9750

150

70

5000

31440

800000

6000

70

12000

500

150

10400

150

70

5000

34340

850000

7500

70

12750

500

150

11050

150

70

5000

37240

900000

9000

70

13500

500

150

11700

150

70

5000

40140

950000

10500

70

14250

500

150

12350

150

70

5000

43040

1000000

12000

70

15000

500

150

13000

150

70

5000

45940

1050000

14500

70

15750

500

150

13650

150

70

5000

49840

1100000

17000

70

16500

500

150

14300

150

70

5000

53740

1150000

19500

70

17250

500

150

14950

150

70

5000

57640

1200000

22000

70

18000

500

150

15600

150

70

5000

61540

1250000

24500

70

18750

500

150

16250

150

70

5000

65440

1300000

27000

70

19500

500

150

16900

150

70

5000

69340

Transfer Duty Lowered

On 24 Feb 2011, the Finance Minister annouced that no transfer duty is payable
on a property priced at R600000 or less and 3% for properties priced between
R600000 and R1 million, on individuals, trusts, companies and close
corporations.

Transfer Duty is payable at the following rates on transactions which are not
subject to VAT.

Acquisition of property by all persons (being natural persons and legal
entities)

Value of property (R)

Rate

0 –600 000

0%

600001 –1 000 000

3% of the value above R600 000

1 000 001 –1 500 000

R12000 + 5% of the value above R1
000 000

1 500 000 and above

R37000 + 8% of the value exceeding
R1500 000

Minister of Finance Pravin Gordhan announced in the Budget
Speech that the transfer duty exemption threshold will be increased from R500000 to R60000 bringing about major changes and savings for purchasers!

The greatest amendment is that these rates are also applicable to legal entities (being trusts, close corporations and companies)!

In the official SARS Budget Pocket Guide, the revised rate structure
which will apply to all properties acquired on or after 23 February 2011 is set
out as follows.

This will have the effect that persons acquiring a property for R600000
on the 23 February 2011 or later will be exempted from transfer duty. This
will save natural persons R5000 and legal entities R48000

Should the same person acquire a property for R1000000, transfer duty
will be R12000 – saving natural persons R13000 and legal entities R68000.

We're where you
want to liveOur proposals regarding properties are the best for your
requirements -
We know the Centurion area, we know where the
property gems lie, we know where areas are
that will show better growth than other areas,
we know the residential complexes, and the market related sale prices to find you an
excellent home at the right price!
Our knowledgeable property consultants
will know which properties to show you, our valued client.

Selling Property• Our property consultants can evaluate your home in terms of past sales
in the area, free.
• In order to sell your property within your timeframe*, you need to work
with an experienced agent to obtain market value. *We have sold within 2hrs
of receiving property for sale!
• This will ensure many visits from potential buyers and will help you find
the right buyer - you only need 1.
• If you have outgrown your current home, you need to advertise where more
than 45,000 website visitors have searched for property, more than 10,000
buyers have registered and more than 300 Centurion sellers have sold their
properties recently.
• Get direct exposure to investors and cash buyers. Let us help you.
• High visibility.
• Focused spending on marketing your property.
• Fresh, bold and innovative marketing of your property.

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